Ratings

The stock’s lower evaluation was ascribed to the sale of MENA Cables
16 January 12:49 PM Pharos cuts Orascom Investment’s FV to EGP 0.66/shr
Cairo — Mubasher: Pharos Research has slashed its fair value (FV) of Orascom Investment Holding’s stock by 29.8% to EGP 0.66 from EGP 0.94. The stock’s lower evaluation was ascribed to the sale of MENA Cables, lack of value-accretive investments, …
The survey covers more than 22,000 expatriates from the international bank
15 January 05:23 PM UAE ranks world’s 4th best work destination for expats – HSBC
Dubai – Mubasher: The UAE has been ranked the world’s fourth best place for expatriates, for the third year in a row, official data showed. Almost 75% of expats working in the GCC nation earn more than they could in their home country, according …
Eastern Co’s surplus cash balance dropped by EGP 3 billion to EGP 1.78 billion
25 December 2018 11:05 AM Pharos Research cuts Eastern Co FV to EGP 19.8/shr
Cairo - Mubasher: Pharos Research has downgraded their fair value (FV) for Eastern Co’s stock to EGP 19.8 per share. The Cairo-based research firm ascribed its decision to an increase in the profit share of the Egyptian tobacco company’s …
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13 December 2018 06:09 PM Moody's confirms CBD ratings
Dubai - Mubasher: Moody's Investors Service has confirmed the ratings of Commercial Bank of Dubai (CBD), but changed the outlook on the long-term deposits ratings to negative from ratings under review.  The ratings stand at Baa1 long-term deposit …
Qatar is projected to increase the deposit rate to 3% by 2019
6 December 2018 04:52 PM Qatar to raise deposit rate to 2.50% in December – Report
Mubasher: Qatar is expected to raise the deposit rate to 2.50%, or by 25 basis points by the end of this year, according to Capital Economics’ recent report. The Gas-rich country is projected to increase the deposit rate to 3% by 2019, but it will …
Qatar’s OPEC decision withdrawal not to impact sovereign credit – Moody’s
4 December 2018 11:48 AM Qatar’s OPEC decision withdrawal not to impact sovereign credit – Moody’s
Mubasher: After Qatar’s decision to leave the Organization of Petroleum Exporting Countries (OPEC) in January 2019, ratings agency Moody’s said that the decision would not have a strong effect on the country’s sovereign. In a comment on the …
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1 December 2018 08:07 PM S&P affirms Abu Dhabi's credit ratings
Mubasher: Standard and Poor's (S&P) Global Ratings has affirmed Abu Dhabi “AA/A-1+” credit ratings, with a stable outlook. Abu Dhabi government’s substantial net asset position will shield it against almost all possible external shocks, thus the …